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    ITRI   US4657411066

ITRON, INC.

(ITRI)
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Delayed Quote. Delayed Nasdaq - 09/17 04:00:00 pm
78.84 USD   +1.69%
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Itron : Expands Itron Riva with Smart Load Control

10/20/2014 | 09:22am EDT

LIBERTY LAKE, Wash. - Oct. 20, 2014 - Itron, Inc. (NASDAQ: ITRI) announced today the launch of its smart load control solution, which is among its Itron Riva edge intelligence technologies. The load control solution features IP-based control devices that communicate to intelligently control and optimize run times on high-energy-use systems, such as HVAC systems, hot water heaters and pool pumps. Thermostats, remote terminal units (RTUs) and agriculture irrigation pumps are also supported. The solution utilizes Itron's OpenWay smart grid solution, which features Cisco's IPv6 multi-application smart grid reference architecture. With processing power and advanced energy management algorithms at the edge using Itron Riva and Cisco's IOx fog computing platform, load control enables utilities to increase reliability and dispatch speed while decreasing operating and maintenance costs.

The solution is a part of Itron Riva, which supports sensing and control technologies and dynamic applications at the device level. With edge intelligence, the solution efficiently manages load across an entire service territory without human intervention. Distributed algorithms can bring hundreds of megawatts of load offline and online gracefully, without causing regulation issues. By applying intelligent cycling strategies randomizing event start and end times, and measuring results for predictable load shed and load shaping procedures, the solution allows utilities to manage load with confidence and realize the benefits of smart demand response at scale.

Itron's OpenWay smart grid solution enhances the value of the solution by offering flexibility in communications options, including Cisco IPv6, cellular, Wi-Fi and ZigBee communications. The OpenWay network's proven performance ensures reliable and robust connectivity for critical load control communications,

"As our utility customers face the challenges of aging infrastructure and increased demand, load control has become increasingly important," said Jeff Carkhuff, vice president of global solutions marketing for electricity at Itron. "We are pleased to announce our smart load control solution, which will help our customers reduce system peak demands and lower the cost of power supply."

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Financials (USD)
Sales 2021 2 085 M - -
Net income 2021 -11,3 M - -
Net Debt 2021 303 M - -
P/E ratio 2021 -280x
Yield 2021 -
Capitalization 3 566 M 3 566 M -
EV / Sales 2021 1,86x
EV / Sales 2022 1,64x
Nbr of Employees 6 153
Free-Float 99,3%
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Technical analysis trends ITRON, INC.
Short TermMid-TermLong Term
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Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 11
Last Close Price 78,84 $
Average target price 94,30 $
Spread / Average Target 19,6%
EPS Revisions
Managers and Directors
Thomas L. Deitrich President, Chief Executive Officer & Director
Joan Schweikart Hooper Chief Financial Officer & Senior Vice President
Lynda L. Ziegler Chairman
Richard Christensen Senior VP-Global Research & Development
Greg Richards Senior Vice President-Technology & Research
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